Fitch revises outlook for Ireland to positive and maintains long-term rating at A-
7 August 2015 – Credit ratings agency Fitch has revised its outlook for Ireland to positive from stable, citing a ‘strengthening recovery in domestic demand’ and ‘favourable financing conditions’ as key rating drivers.
Fitch also reports its increasing confidence of a decrease in Ireland’s budget deficit to below 3% of GDP in 2015. It notes a decline in contingent risks from the banking sector since its last review.
The ratings agency has affirmed its long-term rating for Ireland at A-.